# Ahead of U.S. Midterms, Strong Dollar Lifts Dollar-Won Rate

> The won-dollar rate opened higher on November 4 at 1,344.0 won, up 3.0 won from the prior afternoon close, as the dollar strengthened ahead of the U.S. midterm results. Rising U.S. Treasury yields, not equity gains, drove the dollar higher, while semiconductor exporters' dollar selling limited the rise.

- Date: 2026-11-04 · published 2026-11-04T03:08:56.803Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/79016-ahead-of-u-s-midterms-strong-dollar-lifts-dollar-won-rate
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and weaker won raise the cost of dollar-priced feed imports for Korean buyers. The move is currency-driven and has little direct effect on grain prices.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-29 | [A Strong U.S. Dollar Weighs on the World](https://feedsoft.ai/events/30905-a-strong-u-s-dollar-weighs-on-the-world.md) | -0.7% | -1.1% |
| DXY | 2024-09-16 | [US dollar strengthens ahead of expected Fed rate cut](https://feedsoft.ai/events/28508-us-dollar-strengthens-ahead-of-expected-fed-rate-cut.md) | -0.2% | +1.1% |
| DXY | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.1% | -1.4% |
| DXY | 2023-11-16 | [The Impact of the Strong U.S. Dollar on Asian Currencies](https://feedsoft.ai/events/12030-the-impact-of-the-strong-u-s-dollar-on-asian-currencies.md) | -0.3% | -1.2% |
| DXY | 2023-07-27 | [Global equities fall, dollar rises after strong U.S. data, rate hikes](https://feedsoft.ai/events/34961-global-equities-fall-dollar-rises-after-strong-u-s-data-rate-hikes.md) | +1.2% | +1.9% |

## Sources

- donga.com: https://www.donga.com/news/Economy/article/all/20261104/134962509/1

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.